Metaplanet partners with SBI Holdings to boost its Bitcoin accumulation.
The alliance intends to support Metaplanet’s Bitcoin trading, storage, and management.
SBI Holdings aims to bolster its cryptocurrency trading and Web3-focused businesses.
Japanese financial giant SBI Holdings’ crypto division, SBI VC Trade, is partnering with investment firm Metaplanet to boost Metaplanet’s Bitcoin holdings. Announced on September 2, 2024, the collaboration will support Bitcoin trading, storage, and management services. SBI VC Trade aims to strengthen its ties with Japanese industry leaders through this partnership, further solidifying its commitment to corporate Bitcoin accumulation.
Metaplanet, often referred to as Asia’s MicroStrategy due to its aggressive Bitcoin acquisition strategy, continues to expand its Bitcoin portfolio. As of August 20, 2024, Metaplanet held 360.368 Bitcoins, valued at approximately ¥3.45 billion ($25.6 million). Its recent purchase included ¥500 million ($3.7 million) worth of Bitcoins, following a ¥1 billion ($7.4 million) loan acquisition.
Metaplanet, focused on becoming a leading financial services provider, believes the SBI partn…
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